India’s NMDC Limited sees 18% rise in net profit in Q2 FY 2024-25

Tuesday, 12 November 2024 15:10:51 (GMT+3)   |   Kolkata

Indian government-run iron ore miner NMDC Limited has reported a net profit of INR 12.11 billion ($143.60 million) for the second quarter (July-September) of the fiscal year 2024-25, a rise of 18.06 percent year on year, according to a regulatory filing of the company on Tuesday, November 12.

The company’s revenues were reported at INR 49.18 billion ($583.01 million) for the given period, a rise of 22.54 percent year on year.

NMDC Limited achieved iron ore production of 10.93 million mt during the second quarter of the fiscal year.

AjoyDas
Ajoy Das
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I graduated from the University of Kolkata with a degree in economics and have three decades of experience in reporting for leading print media publications, covering key manufacturing industries like iron and steel, energy (fossil and renewable), chemicals and petrochemicals and mining sectors (coal, bauxite, iron ore and copper). I work as a correspondent for SteelOrbis reporting on the Indian steel industry covering pricing and trade trends across the value chain, capacity creations and utilizations, corporate developments, government policy frameworks and industry related news.

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